Vizolution has secured additional investment to support immediate expansion plans.
The firm says it is on course to double revenue in 2015.
The investment will allow Vizolution to meet demand for its product suite both within the UK and internationally. The funds will be used to expand its R&D facility in Port Talbot, Wales and increase sales and sales support to handle the recent influx of new customers.
vScreen is currently being used by four of the top-five UK lenders and two of the top-five UK insurance providers.
Demand for vScreen has been strong and Vizolution has recently won its first large telco customer and its first North American customer.
In addition, Vizolution has recently won its first major UK customers for its vDoc (document sharing) and vChat (visual chat) products.
This investment round has been led by Perscitus Advisers, the family investment vehicle for Jon Moulton, the founder of Better Capital and former managing dartner of Alchemy.
Moulton said: “Vizolution is a great SaaS provider with fantastic potential to disrupt the way in which firms can approach customer engagement, paving the way for much higher customer conversion and retention rates.”
Scanes Bentley, chairman of Vizolution, said: We are very pleased to have the support of Jon Moulton and the other investors in what is a very exciting period for Vizolution. They are known throughout the industry as astute investors and it is very gratifying that they have selected to invest in Vizolution and a testimony to all the hard work done by the team.”
Bill Safran (pictured), CEO of Vizolution, added: “We are very happy to now have the funds to meet the demand that we are seeing for our product suite of vScreen, vDoc and vChat. These funds will allow us to rapidly expand our R&D and sales teams to provide our UK and International customers with award winning solutions and support.”